Teekay LNG Partners L.P. (TGP) Trading 3.5% Higher
Teekay LNG Partners L.P. (NYSE:TGP) shares traded up 3.5% on Friday . The stock traded as high as $13.22 and last traded at $13.14, with a volume of 165,209 shares. The stock had previously closed at $12.70.
Separately, Zacks Investment Research lowered Teekay LNG Partners L.P. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $16.75.
The firm has a 50-day moving average of $11.89 and a 200-day moving average of $12.29. The company has a market cap of $1.05 billion and a PE ratio of 13.69.
Teekay LNG Partners L.P. (NYSE:TGP) last announced its earnings results on Thursday, August 4th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.39 by $0.28. On average, equities research analysts forecast that Teekay LNG Partners L.P. will post $2.22 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, July 29th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, July 27th. This represents a $0.56 annualized dividend and a dividend yield of 4.26%.
Teekay LNG Partners L.P. (Teekay LNG Partners) is an international provider of marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG) and crude oil. Teekay LNG Partners operates through two segments: its liquefied gas segment and its conventional tanker segment.
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